BB eases LC conditions for 11 essential commodities ahead of Ramadan
Bangladesh Bank has relaxed conditions for opening Letters of Credit (LCs) for imports to ensure a smooth supply of essential commodities during the upcoming month of Ramadan. From now on, commercial banks can determine the cash margin rate for opening LCs for designated goods based on their bank-customer relationships. On Sunday (November 8), the Banking Regulations and Policy Department-1...…
We haven't written up this one. Dhaka Tribune Business has the full story — the link below goes straight to it.